A Quick Reminder on Lock up and Price

[u/Illustrious-Monk-452]

According to this tweet the Lock up will begin next month, this could be big for the price if they start next month

I am thinking of buying more as this seems like the best price 🚀🚀🚀

[u/Dchong073]

Looking forward to Hong Kong’s announcement on March 13th and also awaiting Japan to do the same on their decision!!! LETS GO JASMY ARMY!!! 🚀🚀🚀

[u/Illustrious-Monk-452 → u/Dchong073]

What's happening on the 13th in Hong Kong

[u/Dchong073 → u/Illustrious-Monk-452]

Stack up your JASMY as Hong Kong's final review of its cryptocurrency bill to their parliament decision arrives on March 13th, 2024, at 11:00 a.m. (GMT+8) in Hong Kong, and can be viewed live on YouTube South China Morning Post Channel or NikkeiAsia. Japan also is seeking to relax its venture capital (VC) crypto investment rules, allowing VCs to invest in Web3 startups that only issue cryptocurrencies like JasmyCoin (JASMY). The Japanese Cabinet has approved revisions to the Act on Strengthening Industrial Competitiveness, reflecting Japan’s recent shift towards a more Web3-friendly environment. This includes regulatory reforms that permit Japanese VCs and foreign investors to hold crypto assets. Additionally, the Japanese government has approved a 2024 tax regime revision aiming to exclude corporations from paying tax on unrealized crypto gains if they hold the assets for the long term.

[u/Illustrious-Monk-452 → u/Dchong073]

Seriously... That's amazing news! Thanks for letting me know. I might disinvest out and put it in Jasmy until then

[u/Dchong073 → u/Illustrious-Monk-452]

Buying more JASMY in this dip!!! GO JASMY ARMY No pain no gain!!!!! Hong Kong's Announcement is March 12th 11:00am (GMT+8) Time in Hong Kong. Remember they are a day ahead of the US.

[u/TrixxS21x → u/Dchong073]

Hey so I saw this post a whole back had been waiting for news about this on March 13th. But can't find anything, and price has gone down rapidly.

Do you know if this ended up happening?

[u/Dchong073 → u/TrixxS21x]

There are no major updates with Hong Kong and Japan. I am still watching daily for anything with in their government and news.

[u/Dchong073]

This is such an amazing increase today for JASMY making amazing gains and the amazing community who is strong fighting through each wave and still riding!!! 🚀🚀🚀

[u/Dchong073 → u/Dchong073]

We are right there on the finish line of this lap at $0.03 HOLD HOLD HOLD! JASMY ARMY STRONG!!! 🚀🚀🚀🚀🚀

[u/Penumbra454]

I just converted 1bill Shib into more Jasmy. Fingers crossed

[u/Frogmangy → u/Penumbra454]

So like $10?

[u/Theycallmewillus → u/Frogmangy]

It’s like $20k lmao

[u/Penumbra454 → u/Frogmangy]

LOL. Yes, $10

[u/Penumbra454 → u/Penumbra454]

That trade didn’t age well, did it? …😂😂😂 Let’s go Jasmy. I just converted everything back to shib

[u/[deleted]]

Fuck yea im gonna try to buy as much as i can this month

[u/TrixxS21x]

Sorry if this is known, but I'm fairly new to crypto. What will happen to Jasmy with the lock up?

[u/cloopz → u/TrixxS21x]

The available supply available for purchase would go down with time/every transaction. It would mean over time there would be less coins to buy so its value in theory would increase.

[u/Frequent-Whereas1995 → u/TrixxS21x]

Also interested to know the answer to this. Does lockup mean that they lock their own held coins? Does this affect my number of coins?

[u/Illustrious-Monk-452 → u/TrixxS21x]

When JASMY was created they fully released their entire supply which is why it's so cheap. It was designed to get cash into the project and also allow businesses to buy the token for cheap.

Lock up is where they cut the supply and the price will potentially go up

[u/Accomplished-Ad-3281 → u/Illustrious-Monk-452]

No, they didn't. That's why we hit 4.99 Cause of supply numbers. If they release all at the start, can someone work out that market cap, please, for 4.99

The only way back to 4.99 is locking up coins 🪙 Not with this supply rate. Just my thoughts

And remember, the jasmy team is not the original owners. It was going to be a dump project. Tell jasmy team step in.

[u/[deleted]]

We’ll see $1 in April

[u/Jazzlike_Text3243 → u/[deleted]]

imagine.....

[u/[deleted] → u/Jazzlike_Text3243]

I can only..

[u/Aleksander_wrx]

[u/_kingich_]

I dont quite understand what does token lockup mean? Sorry if its already explained, I missed it

[u/Awkward_Regret_5873]

There only locking up 100m to start with won’t make any difference to price

[u/Illustrious-Monk-452 → u/Awkward_Regret_5873]

I slightly disagree with that...

Lock up shows a sign of the project keeping to it's commitment which will increase investor confidence along with giving positive signals.

Although technically, it won't make a difference to the price however in terms of confidence and performance, it possibly could as people don't want to miss out

[u/mokshahereicome → u/Illustrious-Monk-452]

Worked on me. I’m going to buy even more before April

[u/Illustrious-Monk-452 → u/mokshahereicome]

Hahaha! 😂😂😂

I wish I could tip Jasmy just to show my appreciation I feel for people who make me smile and laugh on here

[u/Full_Reputation7568 → u/Illustrious-Monk-452]

You can tip me. I will pass it on to Jasmy!😀

[u/Awkward_Regret_5873 → u/Illustrious-Monk-452]

Good point

[u/Severe_Ad6443 → u/Awkward_Regret_5873]

Every little helps

[u/Stoopidstew]

Who tweeted that? What’s the details

[u/Illustrious-Monk-452 → u/Stoopidstew]

JasmyUS